Bank failure · IN

United Sa of Central Indiana (Tipton, IN) — failed September 1, 1988

United Sa of Central Indiana of Tipton, Indiana was closed on September 1, 1988 and resolved through a a/a. First Federal Bank a FSB (IN) took over its insured deposits. At failure it held $57.3M in assets and $65.1M in deposits. The FDIC's estimated loss on the failure is $6.9M (12.0% of assets).